cash value

Definition
The amount available in cash upon cancellation of an insurance policy, usually a whole life policy, before it becomes payable upon death or maturity. also called cash surrender value or surrender value.




cash value is ...
... part of the
Insurance subject.


Related Terms

1035 exchange -  More
cash value life insurance policy -  More
policy loan -
savings element, universal life, amount at risk, cash value insurance, interest-sensitive insurance policy


cash value appears in the definitions of these other terms on BusinessDictionary.com

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